Built in 2011, the Class B retail building sits on 0.8 acres along the east side of Jackson Avenue south of its intersection with Chelsea Avenue. The Shelby County Assessor of Property’s 2012 appraisal was $709,100.

VM Property Investments filed a $679,700 deed of trust through US Bank NA in conjunction with the purchase.

Ware Properties – which develops Dollar General stores in the area – bought the vacant land at the site in May 2011 from Hector Tejeda for $140,000. The general contractor assigned to the project was Barry Holbrook, founder of MTE LLC Contracting, formerly known as Midtown Electric.

Loan Amount: $6 millionLoan Date: March 6, 2013Maturity Date: N/ABorrower: 4895-4995 Outland Center Drive LLCLender:PNC Bank NADetails: The new owner of an industrial portfolio in Oakhaven has filed a $6 million loan through PNC Bank NA on the properties.

Operating as 4895-4995 Outland Center Drive LLC, real estate investment companies Denver-based Amstar and Atlanta-based Huntington Industrial Partners filed the deed of trust, assignment of rents, security agreement and financing statement March 6. That was two weeks after it paid $11.8 million for the properties.

The sale closed in a Feb. 21 limited warranty deed with Outland Center Drive LP as the seller. That entity acquired the portfolio in 2006 for $15.8 million.

Two of the seven parcels are classified as accessory improvements. The other five were built in 1988 and 1989, and include roughly 400,000 square feet on about 28 acres and have an appraised value of $9 million, according to the Shelby County Assessor of Property’s 2012 data.

Built in 1988, the 35,200-square-foot property at 4895 Outland Center Drive sits on 4.8 acres and has an appraised value of $767,400.

Built in 1988, the 33,932-square-foot property at 4900 Outland Center Drive sits on 5.4 acres and has an appraised value of $970,500.

Built in 1988, the 102,656-square-foot property at 4935 Outland Center Drive sits on 7.2 acres and has an appraised value of $2.3 million.

Built in 1989, the 99,625-square-foot property at 4985 Outland Center Drive sits on 4.7 acres and has an appraised value of $2.2 million.

And built in 1989, the 122,824-square-foot property at 4995 Outland Center Drive sits on 5.7 acres and has an appraised value of $2.7 million.